On August 7, according to information from the Quang Nam Provincial People’s Committee Office, Vice Chairman of the People’s Committee Mr. Ho Quang Buu has just signed two decisions on the termination and withdrawal of the decision approving the investment policy of the park project Dien Hoa High-Tech Agriculture (Municipality Dien Hoa, Dien Ban City) and Dong Quang Nam High-Tech Agricultural Zone Project (Binh Duong Township, Thang Binh District) by T&T Group Joint Stock Company.

These 2 projects were approved for investment in December 2018. In which Dien Hoa hi-tech agricultural park project covers an area of ​​nearly 148 ha and total investment capital of more than VND 2,103 billion; Dong Quang Nam Hi-Tech Agricultural Park Project covers an area of ​​over 278 hectares and has a total investment capital of more than VND 3,301 billion.

The aim of the two projects is to invest in the construction of a high-tech application cultivation area, a production support area and infrastructure for the area of ​​​​the project, which will be planned technically and at the same time, and modern architecture landscape in harmony with natural features.

At the same time, develop large resource-producing agricultural areas, form flower and vegetable fields with high productivity, quality and efficiency; farms and ancillary service areas to meet the increasing demands of society and ensure sustainable agricultural development.

In addition, the two projects will bring Quang Nam residents and tourists the experience of a new type of tourism linked to agricultural activities and products, along with modern and convenient services. ..

By July 12, 2022, T&T Group Joint Stock Company had a dossier to terminate its operations and request a deposit refund to ensure the implementation of the above two projects. Based on this, the Quang Nam Provincial People’s Committee issued a decision to terminate the validity and revoke the investment policy decision of two previously issued projects.

According to the document, the Quang Nam Provincial People’s Committee instructed the Department of Planning and Investment to report the termination of operation of the investment project and withdraw the original decision on the investment policy of related projects for archiving according to the regulations. The relevant departments, branches and municipalities will review, revoke and terminate the issued documents according to their jurisdiction, or advise the provincial people’s committee to revoke and cancel relevant documents issued for 2 projects.

T&T Group Joint Stock Company is responsible for submitting the original investment policy decisions of the Quang Nam Provincial People’s Committee to the Ministry of Planning and Investment; to fulfill all financial obligations to the state and complete the procedures for liquidating investment projects as prescribed.